Answer:
False
Explanation:
For FHA loans, the seller or the buyer can pay for the closing costs. In case the seller agrees to pay the closing costs for the buyer, the total selling costs can sum up to 6% of the total purchase price.
Therefore, if the seller is paying the closing costs and the purchase price is $200,000, the maximum the seller will have to pay is $12,000 (= $200,000 x 6%).
